>>A gamble isn't necessarily an investment but an investment is always a gamble.
Agreed. Though there are professional "gamblers" who insist that they are not gambling.
For me the difference is a question of known odds but no knowledge versus knowledge but unknown odds.
An imperfect definition, I am aware.
>>Money under the bed is not an investment. Gold is not an investment
Why do you say that, particularly about Gold? I remember in the 80s when I was in Turkey, there were many people keeping USD & GBP in boxes under their beds as a play against inflation and devaluation. Also, since the value of Gold can also go up or down is it not an investment?
For your interest...
www.investopedia.com/articles/basics/10/investing-or-gambling.asp
|